Egypt – Takaful premiums at EGP 743.5 million in Q1
Tuesday, 06 06 2017, Category: Islamic Insurance, Country: Egypt
Takaful companies achieved premiums EGP 743.5 million during the first quarter of the current year.
Takaful represented 9% of the premiums written during the first quarter of year 2017, which reached EGP 8.2 billion compared to EGP 5.5 billion written during the same period last year i.e. a growth of 49%.
The life Takaful premiums reached EGP 309.6 million during the first quarter of the current year, which are distributed respectively as 41% for individual business and 59% for group business.